Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Assume that the following satisfaction scores of three companies for the 4 quarter of 2010 and 2011 were obtained from the Rochester's Customer Satisfaction Index.
Assume that the following satisfaction scores of three companies for the 4 quarter of 2010 and 2011 were obtained from the Rochester's Customer Satisfaction Index. Assume that the scores are based on a poll of 100 customers from each company. Because the polling has been done for several years, the standard deviation can be assumed to equal 7 points in each case. (The scores on the following table are hypothetical values for the exam only) Professor Pan is interested in knowing whether the difference in the satisfaction score for Costco from 2010 to 2011 is statistically significant. assume =5%, Provide a 95\% confidence interval for the difference in the satisfaction score for Costco from2010 to 2011 (Please round to two decimal places if necessary). (0.37,3.63) (0.39,3.16) (0.02,3.98) (0.35,3.65) none of the above
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started